(FILES) The power plant at the headquarters of German carmaker Volkswagen (VW) is seen in Wolfsburg, northern Germany on December 09, 2024 prior to a fourth round of negotiations between management and workers' representatives on a new deal for the crisis-hit company. Europe's largest carmaker Volkswagen is considering cutting tens of thousands more jobs worldwide and shuttering up to four plants in Germany, Manager Magazin reported on June 2026. Volkswagen is already planning to cut 50,000 jobs across its brands in Germany by 2030 as it is struggling with high costs, US tariffs and fierce Chinese competition in electric vehicles. (Photo by Ronny HARTMANN / AFP via Getty Images)